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Updated 18 days ago, 12/11/2024
Buying a STR in Red River Gorge
Hello,
I am fairly new to this idea and have wanted to invest in a STR. I travel to the RRG often for outdoor activities I enjoy. I am interested in purchasing a cabin that I can use but also rent out. I would love for it to cash flow. The cabin I am currently looking at is a two bedroom (one room is a loft) with one bath. It is located in a recreational community so other cabins are around it. The cabin was built in 2021. The mortgage would prob fall around 1600-2000 range. I have researched the Airbnb avenue in terms of what's required, etc. The cabin sits within a 15-20 minute drive of most popular activities that RRG has to offer. My question is what is the market like down there for successful rentals? Cash flow possibilities? Thanks!